Some summaries from October and some outlooks for the end of the year

October returned to the cryptocurrency world

After losing over 600 dollars again, I sold my cherished account for the game 'Battle Dual: Paimon' that I had for a long time. I deposited 150, accumulated 160 in my account, and fell into a desperate situation on the evening of October 18, but I still did not give up.

During this loss, I kept thinking about why I was losing.

Combining others' posts, and after watching FX Warrior's long stay in the US and my own experiences,

I concluded the following points:

1. After a big loss, the mentality explodes, and I purely trade with a gambling mindset continuously.

2. There is no personal judgment; I want to trade at any time. For high leverage with small funds, most of the time is wasted time. Trading can give a strange sense of pleasure, but waiting and taking action is what should be done. Many people can't stand the loneliness.

3. Continuous victories lead to a restless mentality; even if the pattern is correct, taking deep positions can be deadly during some large opposite fluctuations.

Next comes the money printing machine stage, almost entirely trading within the model, working my way up from the trough to the current state, from 20 dollars in 2 weeks to 6400. I never expected it to be so smooth.

Never lose hope, especially during defeats.

I really like Miyamoto Musashi from 'Wandering Samurai.' I remember the first time he challenged the unparalleled master, Musashibo Benkei.

In their first encounter, he was completely defeated and rolled away in panic. He then spent three months training in the mountains, during which he said, "I did not lose; I just temporarily retreated."

Indeed, the spirit of not giving up is precious, but not giving up does not mean failing to see one's own shortcomings. Musashi recognized his inadequacies, and combined with the spirit of not giving up, he continued to train, challenge masters, and eventually became unparalleled. Trading is similar.

In the futures trading competition, 10% of the participants took away 90% of the participants' money. 160,000 contestants overall lost over 6 billion, all taken by institutions and exchanges. Retail investors really have it tough; it's hard to persist.

Do not let your guard down in victory.

I remember during high school; I was quite artistic, reading modern Japanese and Russian literature daily, with some knowledge of Japanese Warring States history and some Republican literature as well.

Oda Nobunaga has long been ranked among the top three historical figures in Japan. I like all three regulars in this position: Oda Nobunaga, Sakamoto Ryoma, and Tokugawa Ieyasu.

Nobunaga almost unified Japan but was burned to death by Mitsuhide at Honno-ji, which is truly regrettable.

When doing contracts, think more about these.